§ 31-31-704. Optional Affiliation by Social Security Employers
Prior to January 1, 2007, and notwithstanding the exemption provided in section 31-31-401 (1)(a), any employer that covers members under the federal “Social Security Act”, as amended, or any county that covers salaried employees whose duties are directly involved with the provision of law enforcement or fire protection, as certified by the county under the […]
§ 31-31-704.5. Entry for Social Security Employers
Notwithstanding the exemption provided in section 31-31-401 (1)(a), any employer that covers members under the federal “Social Security Act”, as amended, or any county that covers salaried employees under the federal “Social Security Act”, as amended, whose duties are directly involved with the provision of law enforcement or fire protection as certified by the county […]
§ 31-31-704.6. Social Security Supplemental Plan – Creation – Management
The board is authorized to develop, maintain, and amend a social security supplemental plan document, as a component of the defined benefit system, that offers a defined benefit and that is intended to comply with the qualification requirements specified in section 401 of the federal “Internal Revenue Code of 1986”, as amended, that are applicable […]
§ 31-31-704.7. Participation in Statewide Death and Disability Plan
Any employer participating in the social security supplemental plan created pursuant to section 31-31-704.6 may not elect coverage under the statewide death and disability plan. (Deleted by amendment, L. 2020.) Source: L. 2012: Entire section added, (HB 12-1018), ch. 24, p. 64, § 3, effective August 8. L. 2015: Entire section amended, (SB 15-028), ch. […]
§ 31-31-705. Affiliation by Volunteer Pension Plans
The board is authorized to make affiliation agreements with governing bodies that provide pension plans for volunteer firefighters to administer such plans and manage the funds of such plans for investment. The fire and police pension association may require periodic renewal of the agreement. The fire and police pension association has the following responsibilities in […]
§ 31-31-706. Affiliation by Exempt Defined Benefit Pension Plans
At the request of any local employer having an exempt defined benefit pension plan, the board is authorized to make an agreement with the employer’s governing body to manage such employer’s exempt defined benefit pension plan fund for investment. As an alternative to affiliation for investment management pursuant to subsection (1) of this section, at […]
§ 31-30.5-802. Exempt Money Purchase Plan Option
Any employer that has not elected to affiliate with the fire and police pension association relating to an old hire plan established pursuant to this article may offer to the active old hire members of such plan the option of converting to a money purchase plan. Such option shall be available on an individual basis […]
§ 31-31-406. Separate Retirement Accounts – Administration
Any member having a separate retirement account who terminates service and at the time of termination has less than five years of credited service or who terminates service and at the time of termination has more than five years of credited service but elects a refund of contributions as provided under section 31-31-404 (1)(a) shall […]
§ 31-30.5-803. Investment Authority
Except as provided in subsection (2) of this section, moneys of exempt alternative plans that are not affiliated with the fire and police pension association under section 31-31-706 may be managed and invested by the trustees of such plans pursuant to the standard and other provisions for trustees set forth in the “Colorado Uniform Prudent […]
§ 31-31-407. Adjustment of Benefits
The benefits payable under the statewide defined benefit plan established by this part 4 may be redetermined effective October 1 each year. If such benefits are redetermined, such redetermined amount shall be payable for the following twelve months. To be eligible for redetermination, such benefits shall have been paid for at least twelve calendar months […]